Other Real Estate Owned (Tables)

9 Months Ended

Sep. 30, 2022

Other Real Estate Owned [Abstract]

Activity for Other Real Estate Owned

Activity for other real estate owned was as follows:

	Three Months Ended September 30						Nine Months Ended September 30
(in thousands)	2022			2021			2022			2021
Beginning balance of other real estate owned	$	1,954		$	5,848		$	3,486		$	7,694
New assets acquired		34			644			478			895
Capitalized costs		0			0			73			0
Fair value adjustments		(6	)		(132	)		(275	)		(637	)
Sale of assets		(118	)		(2,046	)		(1,898	)		(3,638	)
Ending balance of other real estate owned	$	1,864		$	4,314		$	1,864		$	4,314

Major Classifications of Foreclosed Properties

The major classifications of foreclosed properties are shown in the following table:

(in thousands)	September 30 2022		December 31 2021
1-4 family	$	583	$	1,130
Construction/land development/other		438		480
Multifamily		0		88
Non-farm/non-residential		843		1,788
Total foreclosed properties	$	1,864	$	3,486